Milton, MA Cost of Living

Milton cost of living index

In the event that the cost of living data was unavailable for this city, estimates based upon nearby cities were used. Each cost of living index is based on a national average of 100. If the amount is below 100, it is lower than the national average. If the amount is above 100, it is higher than the national average.

Here we can see a simple outline of the cost of living in Milton, MA. As you can see, with the average cost of living in Milton, MA being 160, that puts it 23% higher than the average of Massachusetts and 60% higher than our nation's average. This simple outline of the cost of living index was formulated using prices of: goods and services (weighted 33%), housing prices (weighted 30%), groceries (weighted 13%), utilities (weighted 10%), transportation (weighted 9%), and health care (weighted 5%). Thus, goods/services, along with housing influences the majority of the cost of living index. The price of daily goods and services is a valuable and reliable number to be aware of when considering the general price of the city's goods. In the case of Milton, MA, the price of goods and services are 15% higher than the average of Massachusetts as well as 27% higher than the nation's average.

Did you know?

The cost of living in Milton is 23% higher than the Massachusetts average.

The cost of living in Milton is 60% higher than the national average.

The cost of housing in Milton is 140% higher than the national average.

Massachusetts general sales tax is 23% higher than the national average.

Massachusetts state income tax is 132% higher than the national average.

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Cost of living index

Goods & Services index

Groceries index

Health care index

Housing index

Transportation index

Utilities index

The salary calculator allows you to compare how much your current salary in Milton, MA would be worth in another city. In other words, the salary calculator will adjust the figure you enter for cost of living so that you can determine how much more or much less you would need to earn while maintaining your current quality of living. If you are considering relocating to a more expensive city than Milton, MA, the calculator will tell you how much more you need to earn so you can assess job offers more accurately. The Milton, MA salary calculator is easy to use. All you do is enter the name of another city, then move the slider to your current income. After that, the salary calculator will crunch the numbers for you and give you the information you need about the place you are considering going. Additionally, it will show a detailed breakdown of the cost of living.

Median Income & Debt-To-Income Ratio

Median Income

Per Year

Per Month

Max Budget (28% DTI)

Max Budget (36% DTI)

Owners

$133,803

$11,150

$3,122

$4,014

Renters

$35,078

$2,923

$818

$1,052

A good way to judge both the affordability of the housing and the cost of living is by simply calculating the maximum that a person should spend on housing in Milton, MA, otherwise known as the debt-to-income ratio (DTI). The safest way to live in the city is to avoid spending more than 28 percent of the gross income that one earns on costs that pertain to housing and no more than 36 percent on all expenses and debts. Milton, MA has a median income of about $133,803 for people who own homes. Based on that number, a person should spend a maximum of $3,122 on expenses related to housing. Renters have a slightly different median income, which is $35,078. Based on this average, renters should spend no more than $818 on all of their rental costs if they want to maintain a non-impoverished standard of living.

Massachusetts Sales Tax

State

General Sales Tax

With Max Surtax

Massachusetts

6.25%

6.25%

Massachusetts Income Tax

State

Income Tax (Low)

Income Tax (High)

Massachusetts

5.15%

5.15%

When assessing the complete cost of living in Milton, MA, the Massachusetts income tax and the Massachusetts sales tax percentages should unquestionably be taken into consideration. Sales taxes aren't just levies imposed onto sold goods, but they also include taxes that are charged when services are provided for a fee. The rates are different from state to state and can run has high as 7 percent. Some states have no sales tax at all. The Massachusetts maximum surtax is 6.25%, and the Massachusetts sales tax is 6.25%. By contrast, income tax is an unfortunate obligation that is charged by the government against earnings. Just like sales taxes, the rates for income taxes differ from state to state. They also decrease or increase according to the individual's tax bracket. Tax rates can run as high as 9 percent, with a minimum of zero. Income tax rates range from 5.15% to 5.15% in Massachusetts.

Goods & Services

Item

Milton

National avg.

Difference

Haircut

$19.67

$14.59

34.8%

Beauty Salon

$54.00

$34.68

55.7%

Toothpaste

$2.54

$2.47

2.7%

Shampoo

$1.00

$1.02

2.2%

Movie

$11.69

$9.87

18.5%

Bowling

$5.75

$4.39

30.9%

Groceries

Item

Milton

National avg.

Difference

Ground Beef

$4.49

$4.48

0.3%

Fried Chicken

$1.67

$1.46

14.1%

Milk

$2.29

$2.36

2.8%

Potatoes

$3.29

$3.06

7.5%

Pizza

$10.00

$9.24

8.2%

Beer

$8.99

$8.63

4.1%

Health Care

Item

Milton

National avg.

Difference

Optometrist

$113.50

$99.78

13.8%

Doctor

$151.00

$105.03

43.8%

Dentist

$115.00

$88.70

29.6%

Ibuprofen

$9.74

$9.41

3.5%

Lipitor

$310.83

$298.50

4.1%

Housing

Item

Milton

National avg.

Difference

Home Price

$497,100.00

$175,700.00

182.9%

Avg. Mortgage Payment

$1,761.00

$1,081.03

62.9%

Apartment Rent

$1,299.00

$920.00

41.2%

Transportation

Item

Milton

National avg.

Difference

Gasoline

$2.35

$2.09

12.3%

Tire Balancing

$57.29

$45.29

26.5%

Utilities

Item

Milton

National avg.

Difference

All Electricity

$292.18

$170.80

71.1%

Phone

$38.25

$28.26

35.4%

Although the cost of living data is updated regularly, this cost of living information is to be used as estimates only as prices can change on an ongoing basis.